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    • Thank-you dx, What you have written is certainly helpful to my understanding. The only thing I would say, what I found to be most worrying and led me to start this discussion is, I believe the judge did not merely admonish the defendant in the case in question, but used that point to dismiss the case in the claimants favour. To me, and I don't have your experience or knowledge, that is somewhat troubling. Again, the caveat being that we don't know exactly what went on but I think we can infer the reason for the judgement. Thank-you for your feedback. EDIT: I guess that the case I refer to is only one case and it may never happen again and the strategy not to appeal is still the best strategy even in this event, but I really did find the outcome of that case, not only extremely annoying but also worrying. Let's hope other judges are not quite so narrow minded and don't get fixated on one particular issue as FTMDave alluded to.
    • Indians, traditionally known as avid savers, are now stashing away less money and borrowing more.View the full article
    • the claimant in their WS can refer to whatever previous CC judgements they like, as we do in our WS's, but CC judgements do not set a legal precedence. however, they do often refer to judgements like Bevis, those cases do created a precedence as they were court of appeal rulings. as for if the defendant, prior to the raising of a claim, dobbed themselves in as the driver in writing during any appeal to the PPC, i don't think we've seen one case whereby the claimant referred to such in their WS.. ?? but they certainly typically include said appeal letters in their exhibits. i certainly dont think it's a good idea to 'remind' them of such at the defence stage, even if the defendant did admit such in a written appeal. i would further go as far to say, that could be even more damaging to the whole case than a judge admonishing a defendant for not appealing to the PPC in the 1st place. it sort of blows the defendant out the water before the judge reads anything else. dx  
    • Hi LFI, Your knowledge in this area is greater than I could possibly hope to have and as such I appreciate your feedback. I'm not sure that I agree the reason why a barrister would say that, only to get new customers, I'm sure he must have had professional experience in this area that qualifies him to make that point. 🙂 In your point 1 you mention: 1] there is a real danger that some part of the appeal will point out that the person appealing [the keeper ] is also the driver. I understand the point you are making but I was referring to when the keeper is also the driver and admits it later and only in this circumstance, but I understand what you are saying. I take on board the issues you raise in point 2. Is it possible that a PPC (claimant) could refer back to the case above as proof that the motorist should have appealed, like they refer back to other cases? Thanks once again for the feedback.
    • Well barristers would say that in the hope that motorists would go to them for advice -obviously paid advice.  The problem with appealing is at least twofold. 1] there is a real danger that some part of the appeal will point out that the person appealing [the keeper ] is also the driver.  And in a lot of cases the last thing the keeper wants when they are also the driver is that the parking company knows that. It makes it so much easier for them as the majority  of Judges do not accept that the keeper and the driver are the same person for obvious reasons. Often they are not the same person especially when it is a family car where the husband, wife and children are all insured to drive the same car. On top of that  just about every person who has a valid insurance policy is able to drive another person's vehicle. So there are many possibilities and it should be up to the parking company to prove it to some extent.  Most parking company's do not accept appeals under virtually any circumstances. But insist that you carry on and appeal to their so called impartial jury who are often anything but impartial. By turning down that second appeal, many motorists pay up because they don't know enough about PoFA to argue with those decisions which brings us to the second problem. 2] the major parking companies are mostly unscrupulous, lying cheating scrotes. So when you appeal and your reasons look as if they would have merit in Court, they then go about  concocting a Witness Statement to debunk that challenge. We feel that by leaving what we think are the strongest arguments to our Member's Witness Statements, it leaves insufficient time to be thwarted with their lies etc. And when the motorists defence is good enough to win, it should win regardless of when it is first produced.   
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Northern Rock - loan sold to cabot unenforceable loan agreement


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Hi all,

Can someone please advise me as to whether the attached agreement from 2006 is enforceable?

 

Ts & Cs are on the back of this page.

 

I have £3000 outstanding on the loan and a temporary arrangement with Northern Rock. They seem to be understanding about my financial position, but I need to know if they could take me to court at some stage.

 

Also I will be challenging the PPI as I am self employed and would never be able to claim.

 

Any advice would be gratefully received.

 

Many thanks, Rocky

Nr loan agreement 2006.pdf

Rocky

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AFAIK and IMO it looks like it is bona fide, one of the better CCA's I have seen, good to hear that they have been understanding, so far. I take it you signed this on their premises?

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Dunno about enforceability but there are no cancellations rights.

 

Which is why the question was posed about signing the agreement on their property.

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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I gave them the information over the phone and they posted the agreement for me to sign and return.

 

They included a letter of instruction with no cancellation rights,

summary of application details,

keyfacts about the insurance (no cancellation rights)

loan protect policy summary (death, sickness and accident cover, so I suppose it is valid),

 

no cancellation rights

, and a questions and answer sheet with the "Can I cancel my loan?

Yes - you have up to 30 days following completion to cancel your loan and or loan protect insurance without incurring any interest".

 

They also sent a welcome letter offering up to £25k loan and would pay me £25 if I get a friend to take out a loan with them. (Which I did not do!)

 

Rocky

Rocky

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  • 7 years later...

Hi all,

I'm am pleased to say that I am still in one piece, thanks to CAG. A lot of my loans are past the 6 years deadline now. Except NR as below.

 

I have been paying NR £1 per month.

 

They have been returning it to my account recently,

I let the SO continue

 

. I now have letters from Cabot, who have bought the debt,

threatening legal action.

 

They have sent a statement showing three payments September 2016, October 2016, April 2017. (Payments were made every month).

 

It is a notice of sums in arrears and says that it

"is given in accordance with the Consumer Credit Act 1974 because you are behind with the sums payable under the above agreement."

 

A separate letter sent on the same day, to ring them and mentions offering to "discuss a discount if you have some funds that do not cover the full amount."

 

The current creditor is listed as Marlin Capital Europe Limited.

 

I was thinking of sending Cabot a CCA request?

 

I would be most grateful for any advice on my next step please.

 

Many thanks,

Rocky

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Good evening RR, long time no see....

 

Did you reclaim the PPI off this loan??

 

IMHO no harm in sending these chancers a CCA request, how long have they bee disturbing your peace?

 

Does this still show on your credit file?

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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Hi Bazooka, thanks for replying so quickly,

 

Sorry to admit it but I couldn't cope with a PPi claim at the time, I'm feeling a bit old! I will have another look at it, but I don't think I paid many instalments before my troubles began.

 

Cabot wrote to me in September, I've been ignoring their letters since April as I was still paying NR directly. I've cancelled the SO now.

 

I got into a muddle with credit reference agencies as well.

I did a trial with Equifax (what a palaver) and managed to cancel it eventually, but I couldn't really understand it all. It didn't really make sense.

 

A lot of my debt is over six years old and has gone now (except AIC with an unenforceable debt that they have started chasing me for again recently. I think they are hoping I'm dead and the executor will pay it (no chance, no assets anyway.) So it might be worth checking my CR. I don't want credit, except that I managed to get a small CC that I am paying off at the end of each month which should help my reference.

 

I'll send a CCA request and see what they do. Is the standard letter still applicable or have things changed?

 

Cheers,

Rocky

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Get an sar dunning to NR get all the statements!!

 

Get reclaiming all the unlawful arrears fees etc

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi All,

 

Good news, Cabot have written to me as follows:

 

"Thank you for your request for information under the Consumer Credit Act 1974. Unfortunately, it appears that NR are unlikely to be able to provide the requested documentation.

 

Therefore, I can confirm that Cabot Fin EU Ltd have taken the decision to no longer pursue collection of the account.

 

Please note that this decision is not to be confused or interpreted as a write-off of the outstanding balance on your account as the debt legally remains.

In addition I can confirm due to the time elapsed this entry should no longer appear on your credit file and we will be returning your £1.00 fee."

 

Good news that Cabot are dropping it, but the wording suggests to me that they will pass it, on or perhaps wait for me to die (not just yet) and try and claim it then.

 

Might be a good time to check my credit reference file.

 

Thanks for all your help,

Rocky

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Well you have it in writing that they will no longer purse you for this.

 

Keep that letter and copies of it safe, if they do indeed flog it on, then you can lodge a formal complaint about them and the clowns they flogged it onto.

Who ever heard of someone getting a job at the Jobcentre? The unemployed are sent there as penance for their sins, not to help them find work!

 

 

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